The Consumer Price Index grew by an average of 9.73 percent in the first 11 months of the current financial year, which was 8.64 percent during the identical period a year prior, data from the Bangladesh Bureau of Statistics showed.
Inflation, fuelled by higher food prices, climbed 15 basis points to 9.89 percent in May from 9.74 percent a month earlier, figures from Bangladesh Bureau of Statistics showed yesterday.
The reason for continued high consumer prices in the country despite prices dropping in the international market is a combination of policy and institutional failure.
Inflation once again grazed double digits in October, advancing 30 basis points to 9.93 percent despite the government’s repeated assurances of measures to rein it in.
Unfortunately, the budget will do nothing to ease the hardship and the budgetary crunch felt by the common man.
Dealing with these two major challenges is essential for macroeconomic stability
Both global and local macro-challenges can have serious implications for the people of Bangladesh
Inflation bucked its runaway trend in July, becoming the third data point this month after remittance and import to provide some relief to a government on its toes about the direction the economy was taking.
Inflation in Bangladesh hit a nine-year high of 7.56 per cent in June thanks to the spiralling prices of food products in the country.
The Consumer Price Index grew by an average of 9.73 percent in the first 11 months of the current financial year, which was 8.64 percent during the identical period a year prior, data from the Bangladesh Bureau of Statistics showed.
Inflation, fuelled by higher food prices, climbed 15 basis points to 9.89 percent in May from 9.74 percent a month earlier, figures from Bangladesh Bureau of Statistics showed yesterday.
The reason for continued high consumer prices in the country despite prices dropping in the international market is a combination of policy and institutional failure.
Inflation once again grazed double digits in October, advancing 30 basis points to 9.93 percent despite the government’s repeated assurances of measures to rein it in.
Unfortunately, the budget will do nothing to ease the hardship and the budgetary crunch felt by the common man.
Dealing with these two major challenges is essential for macroeconomic stability
Both global and local macro-challenges can have serious implications for the people of Bangladesh
Inflation bucked its runaway trend in July, becoming the third data point this month after remittance and import to provide some relief to a government on its toes about the direction the economy was taking.
Inflation in Bangladesh hit a nine-year high of 7.56 per cent in June thanks to the spiralling prices of food products in the country.
As an average millennial, what does the budget really mean to you? Terms, technicalities and jargon from the 343 chapters of the proposed budget are enough to send an average desk jockey into a tortuous-fuelled death spiral of confusion. This is why most reluctant millennials with no savings, or the capability to afford to own a home, remain unfazed by such fiscal highlights of the year. Unless, it disrupts the few pleasures they have in life.
